Kuwait may start importing Iraqi gas in next 12-18 months; amount of purchase not yet determined
Kuwait is in
negotiations with international oil companies to import gas from Iraq,
unidentified sources said in published remarks on Wednesday.
is not negotiating with the Iraqi government in this regard, but with
International oil companies in Iraq that are developing oil and gas fields
there," Kuwaiti newspaper Al Jarida cited one source as saying.
told the paper that Kuwait hoped to start importing Iraqi gas in the next 12 to
18 months but that the amount it would purchase had not yet been determined.
Arab state does not have enough natural gas to meet power demand and burns a
large volume of oil products at power stations. Like its oil-exporting
neighbours, Kuwait has been slow to develop its gas reserves to meet domestic
last year it planned to produce more than 4 billion cubic feet per day (cfd) of
gas by 2030.
Hashim Al Rifai, Kuwait Petroleum Corp's planning director, said Kuwait had
increased imports of liquefied natural gas (LNG) to help meet local demand.
Rifai said the county will import 0.5 billion cfd of LNG from March to November
A number of
international energy firms are working in Iraq to redevelop the country's aging
oil fields and expand natural gas production to help meet local power demand.